article thumbnail

Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

article thumbnail

Understanding Design Defect Legal Liability

Construction Business Owner

As construction and design firms are using BIM software and other resources to improve construction efficiency, that integration is only going to increase. Owners, contractors and designers must understand their potential liability for design issues on a project before the project starts.

Liability 183
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

Construction Jobsite Safety: Strategies and Resources for Worker Well-Being. Consider these elements of a training and awareness program to save lives, mitigate injuries, and reduce liability and costs . Scott Smith, Selective Insurance Group. Fri, 08/05/2022 - 07:00. John Caulfield, senior contributing editor. Foulke Jr.,

Safety 72
article thumbnail

PSMJ Resources Blog: XL Insurance Enters Collaborative.

PSMJ Resources

XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. XL Insurance’s Design Professional group, specializing in professional liability insurance for architects and engineers and a part of the global underwriting operations of XL Group (NYSE: XL), and PSMJ, Resources, Inc., Newer Post.

article thumbnail

The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Business Plan.

article thumbnail

Contractor Management and Prequalification: Why Are They Necessary?

Safety Services Company

Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work. For this reason, contractor management and prequalification are an essential part of contractor vetting: they protect hiring clients from liabilities and severe reputational damages.

article thumbnail

Unlocking the Value of Temporary Housing: A Comprehensive Guide

Contractor Connection

Temporary housing is a critical, yet often underappreciated, facet of the insurance and property management industries. It’s not just about a temporary place to stay; it’s about delivering a comprehensive, insurance-friendly solution. This establishes a steady stream of business and strengthens their presence in the market.

Housing 40